In iHorse Racing 2, players take on the role of a trainer who is seeking to raise, train, and manage a stable full of prize winning horses. The game features a database containing more than six hundred different horses and jockeys, including the 2015 Triple Crown champion American Pharoah.

The game consists of both single-player and multiplayer options. Multiplayer allows for head-to-head competition as players join or create race clubs with other players worldwide, competing in club championships; they can trade horses with other players as well.
In single-player mode, the player character embarks on a World Tour, doing their best to defeat AI trainers and claim impressive victories.

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